Wealth and Asset Management
SJP shares sink on £859m consumer duty fee cut and stalling flows
St James’s Place (SJP) shares dropped dramatically this morning as the £859m cost of a new product charge cap for clients who are invested for 10 years and a £2.1bn drop in flows prompted a selloff. By 10.20am shares had fallen more than 15%, briefly dropping below £10 for the…
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